NOT LISTED FOR SALE

140 Open Gulf St Miramar Beach, FL 32550

Estimated Value: $1,487,394 - $1,958,000

6 Beds
5 Baths
2,898 Sq Ft
$605/Sq Ft Est. Value

Last Sold January 09, 2018

Last sale price $800,000 $276 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $10,192/month

451 Days on Market

Highlights

  • Beach
  • Deeded access to the beach
  • Gulf View
  • Van R. Butler Elementary School Rated A-
  • Heated In Ground Pool
  • Beach House

About This Home

As of January 2018

JUST REDUCED $100,000. NOW PRICED UNDER MARKET''Projected over $90,000 in rentals for 2017 'Shell Shack'is a six bedroom three story beach home with private pool South of Scenic Hwy 98 & located in Destin's popular Miramar Beach area making it a fantastic vacation rental prospect. The first floor has (3) of the (6) bedrooms all of which are decorated in beautiful beachy pastel colors. A separate formal dining room and kitchen with bar & kid's table insures plenty of seating at mealtime. Custom white cabinetry, stainless steel appliances, and quartz counter tops finish off the kitchen touches. The rest of the bedrooms are upstairs on the second floor which provides a separate living space for different families or age groups. The spacious main living area is also on the second floor with access to an open balcony. The third floor features a bonus room den which has sleeper sofa and offers an array of games which is sure to delight the young....and maybe the young at heart. This awesome beach home can accommodate a party of 22 comfortably which means you can invite the entire extended family for a vacation to remember. Located in Flood Zone X so no Flood Insurance required and no HOA fees to contend with here either. In addition to being only steps away from the beautiful white sand beach, this locale South of Scenic Gulf Drive places you minutes away from popular beachside restaurants, championship golf or tennis, convenient grocery stores, discount shopping at Silver Sands which is the nation's largest Designer Outlet and family fun at the Village of Baytowne Wharf in Sandestin....and you are only a short walking distance to Starbucks and Chic fil A. The entire home has just completed interior painting and many furniture upgrades to insure it is more inviting for the returning guests in the Spring....as well as the addition of an outdoor entertainment area with brand new tiki bar with flat screen tv & refrigerator and raised poolside decking which will definitely be a hit with vacationers. Discerning investment or second home buyers should call and schedule their viewing today. (Remember to click on the Documents Tab to view the 2017 Rental Projection) Potential buyers or their Agents need to confirm all information to their satisfaction. Motivated seller says bring all reasonable offers. Incredible package deal available on 156 and 140 Open Gulf St. at $1,675,000.

Last Agent to Sell the Property

Hal Crane

Ocean Reef Realty Inc License #3041694 Listed on: 09/07/2016

Last Buyer's Agent

Jay Agnew

Re/Max Beaches License #3161497

Re/Max Beaches

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,413

Year Built

  • Built in 2004

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 65x100
  • Property fronts a county road
  • Sprinkler System
  • Lawn Pump

Home Design

  • Beach House
  • Frame Construction
  • Metal Roof
  • Vinyl Siding
  • Vinyl Trim

Interior Spaces

  • 2,898 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Woodwork
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Living Room
  • Dining Area
  • Gulf Views
  • Hurricane or Storm Shutters

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Painted or Stained Flooring
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • 5 Full Bathrooms
  • Cultured Marble Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only

Laundry

  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Deeded access to the beach
  • Balcony
  • Covered Deck
  • Built-In Barbecue

Schools

  • Van R Butler Elementary School
  • Emerald Coast Middle School
  • South Walton High School

Utilities

  • High Efficiency Air Conditioning
  • Multiple cooling system units
  • Central Heating and Cooling System
  • Two Heating Systems
  • Underground Utilities
  • Water Tap Fee Is Paid
  • Multiple Water Heaters
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 33-2S-21-42185-000-0070

Community Details

Overview

  • Miramar Beach Cottages Subdivision

Recreation

  • Beach

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,413

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.18
  • Lot Size: 65x100
  • Road Frontage Type: County Road
  • Subdivision Name: MIRAMAR BEACH COTTAGES
  • Directions: Turn West onto Scenic Highway 98 in front of the Silver Sands Outlet Mall and immediately turn left onto Mainsail Drive....then in 100 feet turn right onto Open Gulf St...home is half way down on the right. Name on sign is ''Shell Shack.''
  • Architectural Style: Beach House
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2004
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Waterview:Gulf2: Yes
  • Utilities:Tap Fee Paid: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:AC - High Efficiency: Yes
  • Energy:Ceiling Fans: Yes
  • Energy:Double Pane Windows: Yes
  • Rooms:Dining Area: Yes
  • Energy:AC - 2 or More: Yes
  • Utilities:Underground: Yes
  • Energy:Heat - Two or More: Yes
  • Energy:Water Heater - Two: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator W/IceMk, Stove/Oven Electric, Washer
  • Full Bathrooms: 5
  • Total Bedrooms: 6
  • Interior Amenities: Breakfast Bar, Ceiling Crwn Molding, Fireplace, Fireplace Gas, Floor Tile, Furnished - All, Lighting Recessed, Pantry, Washer/Dryer Hookup, Window Treatmnt Some, Woodwork Painted
  • Window Features: Double Pane Windows
  • Interior:WasherDryer Hookup: Yes
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Mstr BdrmMstr Bath:MBath Cultured Mrble: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Furnished - All: Yes
  • Interior:Ceiling Crwn Molding: Yes
  • Interior:Lighting Recessed: Yes
  • Interior:Woodwork Painted: Yes
  • Interior:Fireplace Gas: Yes
  • Interior:Fireplace: Yes

Exterior Features

  • Lot Features: Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • View: Gulf
  • Construction Type: Frame, Roof Metal, Vinyl Siding, Slab, Trim Vinyl
  • Exterior Features: Balcony, BBQ Pit/Grill, Deck Covered, Hurricane Shutters, Lawn Pump, Pool - Heated, Pool - In-Ground, Shower, Sprinkler System
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Siding Vinyl: Yes
  • ConstructionSiding:Slab: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Exterior:Balcony: Yes
  • Exterior:Deck Covered: Yes
  • ConstructionSiding:Trim Vinyl: Yes
  • ConstructionSiding:Frame: Yes
  • Exterior:Hurricane Shutters: Yes
  • Exterior:Pool - Heated: Yes
  • Exterior:Lawn Pump: Yes
  • Exterior:Shower: Yes
  • Exterior:Sprinkler System: Yes
  • Exterior:Pool - In-Ground: Yes
  • Exterior:BBQ PitGrill: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Phone, Public Sewer, Public Water, Tap Fee Paid, TV Cable, Underground
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: Beach, Deed Access, TV Cable

Schools

  • Elementary School: Van R Butler
  • High School: South Walton
  • Middle Or Junior School: Emerald Coast

Lot Info

  • Lot Size Sq Ft: 7840.8
  • Parcel #: 33-2S-21-42185-000-0070
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4413.24
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2016
Closed on
Jan 12, 2018
Sold by
Courtois Daniel J and Courtois Stephanie A
Bought by
Patil Niel Aneel
Seller's Agent
Hal Crane
Ocean Reef Realty Inc
Buyer's Agent
Jay Agnew
Re/Max Beaches
List Price
$800,000
Sold Price
$800,000
Current Estimated Value
$1,753,099

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$953,099
Avg. Annual Appreciation
10.64%
Original Mortgage
$750,000
Outstanding Balance
$421,126
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$1,331,973

Purchase Details

Closed on
Oct 27, 2010
Sold by
National Residential Assets Corp
Bought by
Courtois Daniel J and Courtois Stephanie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,444
Interest Rate
4.38%
Mortgage Type
VA

Purchase Details

Closed on
Mar 29, 2010
Sold by
Rivas Eduardo and Rivas Roxie
Bought by
National Residential Assets Corp

Purchase Details

Closed on
Nov 14, 2005
Sold by
Emmert Dunnie and Emmert Betty S
Bought by
Rivas Eduardo and Rivas Roxie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
6.87%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Patil Niel Aneel $800,000 Attorney
Courtois Daniel J $485,000 Attorney
National Residential Assets Corp $351,300 Attorney
Rivas Eduardo $1,200,000 Destin Land & Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patil Niel Aneel $750,000
Previous Owner Courtois Daniel J $483,444
Previous Owner Rivas Eduardo $960,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/09/2018 01/09/18 Sold $800,000 0.0% $276 / Sq Ft
12/02/2017 12/02/17 Pending -- -- --
09/07/2016 09/07/16 For Sale $800,000 -- $276 / Sq Ft
Source: Emerald Coast Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $10,759 $1,359,835 $450,785 $909,050
2023 $10,759 $1,020,028 $0 $0
2022 $10,305 $1,317,590 $500,372 $817,218
2021 $8,160 $842,998 $437,655 $405,343
2020 $7,668 $768,109 $400,400 $367,709
2019 $7,485 $753,687 $385,000 $368,687
2018 $4,562 $457,508 $0 $0
2017 $4,522 $456,273 $98,078 $358,195
2016 $4,452 $444,873 $0 $0
2015 $4,413 $434,170 $0 $0
2014 $4,393 $426,158 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 760366

Emerald Coast Association of REALTORS®

APN: 33-2S-21-42185-000-0070